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DEPARTMENT 35

India's Public Finance and Fiscal Federalism

India's Union Budget, GST Council, FRBM Act, Finance Commissions and State finances.
Entry Level: L1UPSC GS IIIRBI Grade B

Syllabus Modules & Canonical Topics

4 Modules comprising 18 Canonical Topics.

35.1

The Union Budget

4 Canonical Topics
35.1.1
Budget documents and structure
L1
35.1.2
How to read the Union Budget
L1
35.1.3
Tax and non-tax receipts
L1
35.1.4
Central sector and centrally sponsored schemes
L2
35.2

Taxation in India

4 Canonical Topics
35.2.1
Income tax and corporate tax
L1
35.2.2
GST: structure, the GST Council and compensation
L1
35.2.3
Customs and excise duties
L2
35.2.4
India's tax-to-GDP ratio
L2
35.3

Fiscal Management

4 Canonical Topics
35.3.1
The FRBM Act and its amendments
L1
35.3.2
Food, fertiliser and fuel subsidies
L1
35.3.3
Deficit and debt trends
L2
35.3.4
Extra-budgetary resources
L3
35.4

Federal Finance

5 Canonical Topics
35.4.1
Finance Commissions
L1
35.4.2
Constitutional provisions on Union-State finance
L2
35.4.3
Tax devolution and grants
L2
35.4.4
State finances
L2
35.4.5
Local body finances: the 73rd and 74th Amendments
L2
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